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Sep 25, 2012 1:00pm EDT
about treasury secretary tim geithner in her new book. >>> and full disclosure, i am a green bay packers fan. the nfl says the results of last night's controversial monday night game is final. seattle beats green bay, yes, that's what i said. the bigger question remains though account nfl keep taking hits like the ones given to them by bad and misplaced calls by replacement refs? we will talk about that in a minute. first to my partner simon at the nyse. >> speaking for replacement anchors in for tyler, the "washington post," sue is reporting that the reading section, the scores for the reading section of the s.a.t. have now hit 40-year lows. the college board says that the clear majority, 57% of those undergoing the tests, did not even score enough to predict that they would succeed in college. as the networks of nbc focus on education here in the united states, we are also learning this hour that americans owe more on their student loans than they do on their credit cards. and the default rate on those student loans is more than four times the default rate on mortgages. so the question
Sep 23, 2012 8:00pm EDT
president obama with treasury second tim geithner. their biggest concerns was protecting the banks, protecting the financial system. but they didn't have people who were sensitive to the issues the fact that you're shoveling hundreds of billions of dollars out, you have real vulnerabilities to fraud. they are not as attuned to conflicts of interest. they weren't cognizant of the fact you need a degree of skepticism. our role and i think what the role of our i.g. should be is to be that voice of the taxpayer. to be that institutional concept of pushing back when money is being pushed out when not enough strings attached. frankly if you have a career at goldman sachs, you're not going to be sensitive to money pushing out. the banks and executives would never, ever, take advantage of the taxpayer by putting their profit interest over that of the public interest. i think our voice was one skepticism to help rein that back in. >> prosecuted somebody by the name of antonikhic. >> he was the ceo of small bank in new york that tried to get t.a.r.p. money by cooking its books. committing
Sep 26, 2012 8:00pm PDT
think tim geithner was there protecting citibank and the rest of it was a camouflage. >> certainly the capitol injections. there was a liquidity problem. things were spinning out of control, and banks were having a hard time rolling new debt. there was a problem there. it was more with the investment banks than the commercial banks -- >> eliot: and they depend on day-to-day borrowing -- >> exactly. whereas commercial banks have deposits that are sticky because they are government guaranteed, so they are stable. citi relied heavily on wholesale markets -- >> eliot: let me jump to the issues that you focus on. they didn't do anything for the mortgage relief that was critical for the economy. >> no they didn't. we had some soft language theying they should do their best which they agreed to but didn't do that. >> at the moment tim geithner said i have what you need -- they didn't reform anything. why not? >> because they didn't really need capital. citi needed capital. the rest of them had liquidity needs, but they were afraid if they put too many conditions or
FOX News
Aug 31, 2012 11:00pm PDT
of a convention and more of a lilith fair. >> they have john kerry, tim geithner, both men have tax issues, turbo tax tim, john kerry didn't want to pay taxes on his yacht. i guess it's okay for him to be rich. they're rolling out bill clinton. aren't you excited to hear what he'll have to say. >> the best politician ever. >> i'm excited to hear bill clinton. that's the one person i think has some credibility and might make some sendings. i wish the administration would listen to him a bit more. isn't it interesting that they have to rely on him. >> call me. >> they wil there were more blae band in the entire republican convention delegation. >> what band are you talking about? >> what are you talking about? >> the band outside had four black people in it. >> there were women. i want to make it clear. there weren't four black people in the rnc. i want your number. such garbage. >> that's garbage. >> that's nonsense. >> tell me how many blacks there were. >> it's not up to me to count them. that's up to liberal democrats like you. >> we're not about quotas. >> do we know tim geithner is going to b
Sep 7, 2012 5:00pm PDT
. the treasury did not appreciate that simple premise. tim geithner was willing to let it work its way on its own. and grievous mistake. it debilitated our economy. the successes and jennifer granholm. >> she was awesome. >> she was awesome. it's the auto bailout. i'm struck that mitt romney has not responded adequately. what is the republican party going to say about its meaningful support to bail out the auto industry. >> they're going to say nothing. it's better than saying something. they're likely to get the message wrong. they already have the imagine of not being the party of the working man and this could give further ammunition for the democrats to pin on them. one further thing on housing. they're easing back very slowly. but when you have the opportunity to do something serious, you have the rent on rant on the business channel in essence, the tea party-- >> eliot: centelli. >> exactly. they have not been able to pars out how to get beyond that argument how to get beyond that notion of moral hazard to moral good and have the economy recover a lot better without the notion of someone ge
FOX Business
Sep 28, 2012 8:00pm EDT
the fan but what that could say to the class or the professor. tim geithner does not order inspire much hope what this same can. be afraid. >> i am scared. this is a fragile world and. tim geithner. he was head of the new york fed when we had the meltdown we made him head of the treasury i that there was the better way of doing things. absolutely. if anybody should have known with lehman brothers. neil: he wants to avoid any thing or institutions he cites them a g and g come to mind. he is being extra cautious. why? it is such a big number i cannot come to grips with it i have a degree in math. and that is the number 10 times the gross product. neil: we are as expose now as the end? >> any little mistake jpmorgan is known as one of the best run banks in the world weber was running it used to be known as the most trustworthy guide now he was taking positions nobody knew about and they caught it just in time. the others did not have that reputation. >> if either one of these i see if they are in trouble the government would have notorious with a systeof gold meltdown. >> dodd/frank is not
FOX News
Sep 12, 2012 2:00am PDT
done things to the american economy that tim geithner the treasury secretary said would have been worse than the 1930s depression. >> in response to the book the white house spokesman says the president was absolutely commit to do preventing a default. >> oo time for your first degree weather update. maria molina has a gad start for us. >> it's another cool start across the northeast. not as bad as yesterday. yesterday we were talking about temperatures in the 40s across parts of northern new england. burlington a little warmer today. 61 in new york city. over in philadelphia looking at a current temperature of 59 degrees. we will be a little warmer in the afternoon hours. 79 for a high in new york city. as we head westbound minneapolis you will notice a major change today. yesterday you saw high temperatures in the 90s. today low 70s possibly a high of 70 degrees. we have a strong cold front in the upper midwest. a lot -- ahead of that still ho. widespread 90s as well across the state of texas. we are seeing showers and storms associated with the storm system in the rockies. we need th
Sep 24, 2012 12:00am PDT
and credit rate. this is really about the survival of the american economy and tim geithner, the treasury secretary, repeatedly in private meetings tells the president, look, if you don't fix this, we are going to trigger a financial calamity, something that potentially would be worse than the depression of the 1930's. this is not just normal polics and deal-making. this is necessity. >> if you're looking for something that might force both sides to compromise in a second term of obama in a way they didn't compromise in the first term of obama, i wonder if it's that. the financial markets turn on america. that is what could make the pain of inaction greater than the pain of doing something. the markets will say we do not trust american politicians. >> the fact is that boehner can get enough votes to get this passed if he is willing to kick the tea party under the bus. that is going to be -- chris: who is stronger, boehner or the tea party? >> boehner and the mainstream republicans are. you also have a bunch of republicans who are tossing away the no tax. >> help the voter right here, if y
Sep 17, 2012 4:00pm PDT
regularly, and it puts everything in jeopardy, in peril. the treasury secretary, tim geithner, here in the u.s., is running around hollering fire. we've got to do something about this. the simple fact is that the politicians have not been willing to come up with a plan that would involve paying for republicans and democrats, something that is a compromise. so we head into this election with the financial house that is not in order. >> you are very clear in this book that this president, unlike previous presidents, has not worked his will. what are the consequences of that? >> they may be very substantial. president reagan in and president clinton, you can criticize them, and a lot of people would, but they had a way of carrying things over the finish line and getting their way. obama is still distant, somewhat removed from this. he has not engaged on a personal level enough with people, so you see obama reacting intellectually, sometimes with passion, but never to the point, my god, we've got to solve this problem. when i interviewed him for the book at length, he pointed the finger right at
Sep 10, 2012 10:00pm PDT
that they needed. shocking that tim geithner's department would not help in this cause. how weird i did not see this coming but i did and i called it on this show, the online show and every other show. now we have this news. >> cenk: now the excuse that they always use is these cases are always hard to prove. let me report another story. >> cenk: in other words, they knew it was junk. do you know what's know what that's called? tim geithner, look it up--it's called fraud. there will be no criminal investigation whatsoever. they might do civil investigations later. there is a word i use to describe an event that was this obvious. it's called--of course! of course they're not going to do any criminal investigations. they had one against bear-sterns, no convictions whatsoever. they have no interest in going after the bankers. they are part of the
FOX News
Sep 11, 2012 6:00pm PDT
, as you went through it, tim geithner, to his credit, who is running around saying, fire! we have got to fix this! we are going to do potentially something that will be indelible and last for generations. it is going to screw up everything. and when you get into the details, you realize that it could have been fixed. >> sean: yeah. >> quite frankly, i think bill clinton or ronald reagan would have sat down and said, we can't let this happen. >> sean: you go into detail in the book about how ronald reagan -- remember, i don't know if you mention tip o'neill, but you talk about his liaisons to congress. both me and bill clinton, on the phone late at night. they had relationships with congress. that's know the case with president obama. >> that's right. and the white house was saying, oh, this is something -- my conclusion. it's in the book, larry summers, the economic czar for obama in the white house for the first two years. and he says, obama has no feeling for the game of politics, no sense of the joy of the game. and in fact does not like these people up in congress. and so, he's cu
FOX News
Sep 11, 2012 9:00pm EDT
the country, could have done things to the american economy that tim geithner, the treasury secretary said would have been worse than the 1930s depression. >> sean: i mean, it's so dysfunctional. it's far worse than we ever said. here's what really bothers me in all of this. we have 25 million un- and under-employed americans. one in six americans in poverty. 49 million americans on food stamps in this country. we are really -- and nearly $6 trillion at the end of obama's first term in new debt. this is be a game anymore. this is about as serious a crisis as we have faced since the great depression and getting worse. >> and this was last year. they fixed it by postponing everything. >> sean: yeah. >> no cut, no tax increases. no sensible alinement of the federal budget. so we are going to in december or january be back in the same mess and the federal government is going to be in the position where there is no congressional authorization to pay its bills. now, this as you will know, this is a federal government that borrows $1 trillion a year. we have got -- i mean-- >>> more. >> in the b
Sep 26, 2012 10:00pm PDT
is really turning heads. not a pretty picture for a lot of the wall street executives. tim geithner really takes it on the chin. fascinating book. she will be here. and then shari blare, absolutely charming. great lawyer former judge, running a foundation that does great stuff for women around the world. fun interesting conversation. >> sheila bear is one of the heros that did the right thing. >> indeed she do. >> cenk: looking forward to it elliot, thank you. >> thank you. >> cenk: when we come back we're going to do are they contagious? i don't think so. [ male announcer ] contract the rainbow! taste the rainbow! >> cenk: we no climate change has had devastating results, but this one might hit home. we're going to lose 10% production in europe and 1.3% reduction in u.s. of our bacon. our bacon. climate change! don't do it to him! oh, there it is! the oil companies ruining our bacon! and oil subsidies are always involved, but poor harvest is a huge part of the reason why. overall gdp we are losing. in 2011 we lost 1.6% of gdp because of climate change. and up to 10% will
FOX Business
Sep 25, 2012 8:00pm EDT
we learn they were worse than thought, because tim geithner all but doubled down on a bad bet then, the sheets are shaking us down we refuse to step up. they are rolling in the dough, and now we kind find the dough, doh! with the spark cash card from capital one, olaf's pizza palace gets the most rewards of any small business crit card! pizza!!!!! [ garth ] olaf's small business earns 2% cash back on every purchase, everday! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve the most rewards! awesome!!! [ male announcer ] the spark business card from capitalne. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? governor of getting it done. you know how to dance... with a deadline. and from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >> it never sho
Sep 28, 2012 6:00am EDT
other groups to take over the process. and tim geithner is calling for the new u.s. financial risk council to consider reforms for money market funds. he wants council to suggest reforms to the sec. this comes a month after sec chair mary shapiro announced that she had failed to win enough assume at her agency to advance reforms. what's amazing about it? >> amazing that this is like a big if you could say initials on the show, if key give the finger to the sec. >> because you can't get it done? >> basically mary shapiro couldn't get it done, he says screw you, i have this other thing going on here. aim taking over. basically is what's happened here. so there's this whole sort of -- >> what's the real problem with the money market funds? >> there's no collateral. it's one of the most und underregulated businesses out there. and a run can happen much quicker than anything else. >> people think it's fdic insured. >> i thought it was after the last crash. >> that's a component of the problem. long term, the issue is that if you make it as costly as it probably ultimately will need to b
Sep 26, 2012 3:00am PDT
. her new become on the financial crisis has some stinging words for treasury secretary tim geithner. also, award-winning presidential historian evan thomas will take us inside his new book on dwight eisenhower. and from the new nbc show "guys with kids," actor anthony anderson will be here. >>> and coming up, mike allen with the top stories in the "politico playbook." >>> first, bill karins with a check on the forecast. bill. >> he's fantastic. >> well, no, we would not go that far. >> no? >> yeah. >> sorry. >> unadulterated man love for bill karins. >> she has a poster in her room. that's what i heard. >> she does. >> she does. >> she's on meds again. >> good morning, everyone. unfortunately, the gorgeous september weather that we've been experiencing in new england and the mid-atlantic has come to an end. it looks like a cloudy kind of gloomy period will move in starting today and continue with us through the upcoming weekend. these are just light showers through central new england that are now pushing up towards maine. we've also got numerous other areas of rain back towards pit
FOX Business
Sep 27, 2012 11:00am EDT
was wrong with the banks, the bailouts and tim geithner. don't miss it. dagen: one of this country's most fascinating mysteries might be solved. jimmy hoffa, where is he buried, might find out. >>> first take a look at the dollar, totally unrelated to mr. hoffa, how the dollar is holding up against world currencies. [ male announcer ] let's say you need to take care of legal matters. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, and they're backed by a 100% satisfaction guarantee. so go to today and see for yourself. it's law that just makes sense. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual activity, you could also set up free
FOX Business
Sep 26, 2012 1:00pm EDT
and worth it and gets political backlash. charlie: you think tim geithner is good? the fact that you don't answer that says a lot and i tell you the fresen -- not necessarily this president but one of the problems with this president and here is the reason larry might not take the job. when he sits down in his office and thinks big thoughts this president has downgraded the treasury secretary to a large extent. tim geithner is one of the players but guess who is a major player in economic policy? a woman named valerie jarrett who is a special advisor. she called a lot of shops when it comes to economics. bill bailey i know for a fact, chief of staff and wanted to be treasury secretary, where -- [talking over each other] charlie: that is the dynamic. charlie: time for the government to empty of the strategic petroleum reserve and sell it off. this could be a good thing for most of us. as we head to break take a look at the winners and losers on the s&p 500. we will be right back. 4g lte has the fastest speeds. so let's talk about coverage. based on this chart, who would you choose ? wow.
Sep 22, 2012 11:55pm EDT
the they have programs in for 2013, and will affect everyone. in the book, tim geithner argues to the president that if the united states defaults on its debt, if we do not straighten this out in the short run, hopefully the long run, that the impact on everyone is going to be giant. it will affect confidence, and employment levels. anyone who has any money or to submit getting any money that they have had invested in their home, bank accounts, any kind of investment, they will be impacted by all of this. we are skating on and living on the sharp edge of a razor blade. this all explodes not this week but in three or four months after the election if there is no fix. we are really in a giant mess. >> in an interview with david gregory, erskine bowles was asked about what is next. what we are facing here. here is what he had to say. >> i am frightened we will reach the fiscal cliff embargoing to bet the country. and take the high of a risk. that could lead to horrible economic results. i met with the president. i did not have any political fear. i did not want any jobs out here. that after the el
Sep 9, 2012 5:00pm EDT
't think it will be tim geithner. if it was, i feel confident they would address it and given this is on someone else's watch, i am a little less confident. i think the answer is yes -- i think the answer is yes. >> i want to put one question to john about china. china has had a couple of successes in the global economic community. one was right after the lehman brothers collapse. there is a global coordinated stimulus and china contributed handsomely to that one. in terms of trade imbalances, the chinese trade balance has shrunk a lot. these are two good things. but now that we have been discussing with the central banks could do in europe, sweden has just cut that i think. chinese growth by chinese standards has it come down all lot and policy action in china has been surprisingly cautious. do you think we're coming up to a moment where china may be nudged by economic leaders in other countries saying you should do your share to prop up global demand? >> an interesting question. there are two key announced. one is how slow is slow in china if you take a look at the updated i
Sep 25, 2012 4:00pm PDT
by $95 billion. getting stronger and stronger. in fact, even people like tim geithner who were totally in the pocket of the banks admits well, social security is perfectly solvent until the year 233. so why are we panicking now? 21 years before it runs into even a tiny percentage of an issue. that is one of the healthiest government programs in the world. well, it's because of people like former republican congressman bob mcewan of ohio who says we already spent that money that we owe the american people and we don't want to give it back. how do i know he says that, because i talked oh him on msnbc in 2010. >> you guys spent it on the tax cuts for the rich and your senseless, ridiculous wars. how about with he get our money back? >> either the money is spent or it's there as a surplus. make up your mind. the fact is that it's gone. the fact is that it was in treasury bonds and consumed and spent and there is no treasury. >> it's been consumed and spent. it went to the rich and their tax cuts, to the wars. now, they owe you that money. you put it in your whole life. you work, it came ou
FOX Business
Sep 17, 2012 6:00pm EDT
of the auto industry and they should've done it as soon as possible. it is based on politics. tim geithner worked for goldman sachs and he knows that a decision to sell stocks should it be based on what you pay for the stalkers should be based on whether you can own the stock this time. right now, the government shouldn't own general motors stock. they should sell as soon as possible from the should've sold almost a year and half ago. when the value is up about 20% higher than it is now. taxpayers have seen losses of about $6 billion, about $3 billion more since that time, and we heard the same story then. they didn't want to sell it, stocks go up, they can go down, it is out now to secretary geithner also knows that if you hang in sometimes come in the markets going to ebb and flow. right now we actually have an upswing for the market. the taxpayer can and they can hold on, that is the truth here. we're talking with government. we are not treating billions of dollars from why not hang around for another year and let the investment a little bit? >> is called market timing. these are the sa
FOX Business
Sep 26, 2012 3:00pm EDT
reported that easily. charlie: we don't fill everybody in. tim geithner will not be there a second term. these -- they put jack lew in this position but then if he doesn't get it who else is out there? two interesting names. erskine bowles is a name a lot of people talk about as having a good possibility. he is someone who theoretically can work with republicans. formal wall street guy. co-president of president obama's budget commission. very good ideas widely ignored by the president. he is a guy republicans like. you want to do a major budget deal with republicans, erskine bowles can make that happen. the other guy i hear a lot about is a guy i know very well and consider a friend. very decent man who is the ceo of black rock. larry wants the job. no doubt. he has been at the top. and amazing career on wall street. top trader at first boston early in his career started black rock as a subsidiary of blackstone and spun it out and the biggest money management firm in the world and he is one of the smartest guys and if there's a european financial crisis, just anybody on wall street so
FOX News
Sep 25, 2012 1:00pm PDT
will be boring. >>neil: it is not beforing. you clearly hate tim geithner. >>guest: i wasn't nasty but candid. we have fundamental disagreements. no doubt about that. >>neil: even now, fundamental disagreement. i hate him. i hate him. it is really a great book. it was riveting history to watch up close. she recounts it here. very timely lesson in this book. "bull by the horn i you have to read it. you do not want to report what became the source of all that. >> if your team loses because a replacement ref botched it, can you see? we are all over it. .. .. can your hearing aid do this? lyric can. lyric can. lyric can. lyric by phonak is the world's only 24/7, 100% invisible hearing device. it's tiny. but lyric's not just about what you can't see. it's about what it can do. lyric can be worn 24/7 for up to four months, without battery changes. and lyric can be worn showering, sleeping and exercising. you might forget it's even there. call for a risk--free trial. and you'll see lyric can also give you exceptionally clear, natural sound in quiet and noisy environments because of how it work ear's own
FOX News
Sep 26, 2012 6:00pm PDT
center the left, from the right. the treasury secretary, tim geithner, throughout this book, in private meetings, in literally thousands of words is telling the president you've got to fix this. we've got to do something. we will trigger -- now think about this -- a depression worse than the 1930s. >> sean: my parents lived through that. my father grew up poor, spoke about it often. it wasn't pleasant. in the book you talk about a president, and compared him to both bill clinton, a democrat, and ronald reagan a republican, and how, you know, it was always ronald reagan and at thi tip o'l they could get along, make progress. bill clinton would talk anybody, be working out a deal. this president doesn't have those relationships. now we see the situation on what's going on in banghazi. two dead, navy seals. an ambassador. we haven't had an ambassador killed in 30 years. another person is dead. all of these embassies, consulates, have been raided, flags ripped down and burned. we're finding this president wasn't engaged with arab leaders either. >> well, "the new york times" had a story jus
Sep 27, 2012 4:00am PDT
, tim geithner, probably not sending you a christmas card. >> i don't think so anyway. >> tell me what are the mistakes made back then? >> first of all, two points to point out, everyone did what they thought was right. the fundamental fallacy is was if you brown the institution, make them profitable it will help rest of us, help the broader economy and just didn't turn out that watch we averted a true catlism from owe kburg we didn't -- the credit lines were still pulled, the loans were still pulled. koncht have done it better? >> could have done it better could. have done more to clean up troubled loans, get them off bank balance sheets, should have you done far more on mortgage restructuring, glad see the housing market come back a little bit. a long time coming, still a lot of inventory to come on the market. >> can i ask you first of all, thank you for what you did standing up, being an independent voice, i think you became an important independent voice of all americans. i happen to agree with you, i think one thing that president obama did he shouldn't have done, he should have
Sep 27, 2012 4:00pm EDT
move here by treasury secretary tim geithner. back to you. >> all right. thank you so much. i want to bring you to breaking news on research in motion. r.i.m. stock on the move. the company reports a loss of 27 cents a share versus an expectation of a loss of 46 cents a chashare. the company still losing money, but it lost a lot less than the expectations. revenue coming in at $2.78 billion. that's also better than estimates. let's get to john ford with the latest. >> given what we were expecting, this is actually not as bad. i want to pull out a few more numbers. 7.4 million hand sets sold overall. 130,000 playbooks sold. that's not great. it's a lot better than it was last quarter when it was down near $212. i mentioned earlier on cnbc today. another thing of note, just 60% of revenue was due to hardware. 35% in services. so the share of revenue that r.i.m. is getting from the hardware, which traditionally is their bread and butter, coming way down from where it's been in the past. still have to find the cash balance. it was $2.2 billion last quarter. looks like it was $2.3 billi
Sep 24, 2012 6:00am EDT
chambers of these pro-wall street voices. >> what was tim geithner's motive? he is not going to continue as secretary of treasury, the matter what, i guess. >> i don't want to speculate on his motives. i can comment on ideology -- and it really reflects the wall street ideology, the sense that what is best for the banks is best for the country. these top banks. when the banks were telling him that more transparency would be dangerous -- the things i heard more transparency, things like having to account for how the spent the money could be easy -- it could be dangerous, it could take down tarp, the banking system. i think he accepted those voices on wall street without questioning that. i was trying to give him counter argument and give examples of how these things could be done. it was completely invalid. i think that is a real sense, the regulators and treasury, if you are not among those bankers you really have no business having an opinion. >> who is 10 assas. >> herb allison's successor. he worked with heard as the chief counsel for tarp and then when herb allison stepped down in ea
Search Results 0 to 49 of about 82 (some duplicates have been removed)